Hastings stores in Big Country could close
BROWNWOOD, Texas - Hastings Entertainment stores located in the Big Country are in jeopardy of closing.
Hastings' parent company, Draw Another Circle, filed for Chapter 11 bankruptcy protection on Monday, according to a release.
The company has 30 days to find a buyer or else the company's 126 stores could close.
"We believe we are on the right path, but we need additional financial support to fully execute our plan for the future," President Jim Litwak said in a news release. "The Chapter 11 process will help to prepare our business for the intended sale."
JC Pruett has a comic book shop he opened in Brownwood four years ago. His business, called Jomio and Rueliete's Cards and Comics, sells games and comics and competes with Hastings.
"A business exists to make money, and so that's what they're supposed to do," Pruett said.
Pruett said he'll appreciate the new business, but added that brick and mortar stores are getting pummeled by online retailing.
"I can't imagine that anyone would fill that void," Pruett said. "Because it's dying already everywhere."
For residents in and around Brownwood, Hastings is the closest store for them to rent the newest video games and movies, and purchase books.
"We would hate to see them go," Steve Smith, who lives in Brookesmith, said. "We use them."
"It would mean I would have to drive 45 minutes or an hour to go to another game place," Kyle Cummings said.
Hastings Entertainment has stores in Brownwood, Abilene, Stephenville, and San Angelo. The company stated that stores will stop taking gift cards on July 13 th and that game rentals are no longer available.